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December 3, 2021

Medora Minerals records 3.07% decrease in production in August 2021

By Carmen

Medora Minerals recorded a decrease of 3.07% in total oil and gas production to 252.21 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Medora Minerals declined 6.67% in August 2021 from 270.24 boe/d in August 2020.

On a YTD basis, the company’s total oil and gas production increased by 49.77% from the same period in 2020.

The company’s oil production declined 3.1% to 250.32 bd in August 2021 from the previous month, while gas production stood at 0.01 mmcf/d. On a YTD basis, oil production increased by 49.69% in 2021 when compared with the same period in 2020, while gas production rose by 60%. Out of the total oil and gas production in August 2021, oil production held a 99.25% share, while gas production held a 0.68% share.

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Looking at the states where Medora Minerals recorded the highest oil and gas production in August 2021, North Dakota figured at the top, accounting for a 100% share. The company produced 252.21 boe/d in the state in August 2021, a decrease of 3.07% from the previous month.

On a YTD basis, the company produced 2,054 boe/d in North Dakota in 2021, recording an increase of 49.77% from the same period in 2020.



Medora Minerals witnessed the highest oil and gas production in Billings county in August 2021. Out of all the counties, Billings county held a share of 85.29% for the firm. The company produced 215.1 boe/d in Billings county in August 2021, a decrease of 3.22% in production when compared with the previous month.

On a YTD basis, the county produced 1,713.31 boe/d for the company in 2021, a 58.31% increase from the same period in 2020.



Methodology

All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.

GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.

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